Naira slightly depreciates by 0.8% against dollar at official market

The naira connected Thursday somewhat depreciated astatine the authoritative market, trading astatine N1,402.67 to the dollar.

Data from the authoritative trading level of the FMDQ Exchange, a level that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira mislaid N11.71

This represents a 0.84 per cent nonaccomplishment erstwhile compared to the erstwhile trading day connected Tuesday April 30, erstwhile it exchanged astatine 1,390.96 to a dollar.

However, the full regular turnover accrued to 232.84 cardinal dollars connected Thursday, up from 225.36 cardinal dollars recorded connected Tuesday.

Meanwhile, astatine the Investor’s and Exporter’s (I&E) window, the naira traded betwixt 1,445.00 and N1,299.42 against the dollar.